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Jan 15, 2013
01/13
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airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei gained 77 points but the hang sell fell 31. nas dam and s&p slipped monday thanks to worries apple has gone sour. shares of the tech titan dipped below $500 for the first time in one year after reports the company cut orders for iphone parts due to weak demand. after the bell ben bernanke praised washington's fiscal cliff deal which he said probably would have caused a recession this year but cautioned, quote, we are not out of the woods yet. >>> a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do this.
airlines, claiming they are buying its jet fuel 70 miles away to avoid playing close to $300,000 in sales taxes. >>> students at university of vermont should not bring bottled water when they return to campus because the school banned its sale for environmental reasons. they are the largest public university to prohibit bottled water on campus. >>> to wall street, the dow opens at 13,507 after adding 18 yesterday. the s&p and nasdaq are both down. overseas the nikkei...
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Jan 16, 2013
01/13
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KICU
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if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corpo
if you thought that class warfare was bad during the election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more -...
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Jan 15, 2013
01/13
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backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other] stuart: that is my take. big money at the story everybody is talking about today, lance armstrong comes clean on informant -- performance enhancing drugs and made millions in prize money and endorsements, raise a lot of money for his cancer charity. we are a forgiving country. we really are. here is the question. will the nation give him a second chance or is he totally finished? we will ask that question. we have a pr executive on whether it lands can have his image and i have my take on mr. armstrong around 10:28 this morning on this pro
backup for the government and the tax code. it is an inefficient way of subsidizing. sandra: a sign we are overtaxing and overregulating corporations and small businesses to the point data want to hire these people so people have to downgrade out of jobs they should be working in and educated to work in and take lower-level service jobs. very much a sign of the times. stuart: the government takes money off of this group to top off the income of that group. that is -- [talking over each other]...
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Jan 16, 2013
01/13
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and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day winning streak falling 23 points. more turbulence for boeing 787 dreamliner. a faulty battery forced an emergency landing of a 787 in japan after a result the japan airlines are grounding their entire dreamliner flight facing safety inspections. shares of boeing fell more than 3%. hewlett-packard rallied more than 4% reported they received buyer interest for the edf units in recent days, however sources say no major sailors coming anytime soon. but we have to move on to the story that everybody is talking about. president obama signing 23 separate executive actions on gun violence today. and those act
and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day winning streak falling 23 points. more turbulence for boeing 787...
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Jan 15, 2013
01/13
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CNBC
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it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
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Jan 19, 2013
01/13
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>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you so much. great talking with you. >> appreciate it, take care. >> reporter: still ahead, more than half a million people are expected to converge on washington this weekend for the president's inauguration. we'll take a look at the economic impact. >> tom: u.s. stocks were little changed, despite a big jump in growth in china. china's economy rose by nearly 8% during the last three months of 2012, up half a percent from the previous quarter. still, for the year, china's posted its wea
>> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you...
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Jan 13, 2013
01/13
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CSPAN
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i talked about taxes. we need to talk about issues like potency and consumer protection, what to do about young people. all these specifics are the product of a debate that's going on with the governor's task force a lot of good people from different parties. we can wait for the feds or stand up and do what we do which is run of our lives and we're going to do as much of it as we possibly can and we'll see what happens with that but states and federalism really could gain. federal law enforcement, my friends i serve with you. you win. you absolutely win. you're more important than ever because regardless of how this marijuana discussion goes, we have tremendous drug issues that will come with it. there will be a black market. my friends from the d.e.a. are going to have to take on that challenge as they do so effectively today not just here but aren't the world. look at mexico, they're having a discussion on marijuana decriminalization much less popular in polls in mexico than it is in the united states bu
i talked about taxes. we need to talk about issues like potency and consumer protection, what to do about young people. all these specifics are the product of a debate that's going on with the governor's task force a lot of good people from different parties. we can wait for the feds or stand up and do what we do which is run of our lives and we're going to do as much of it as we possibly can and we'll see what happens with that but states and federalism really could gain. federal law...
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Jan 14, 2013
01/13
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see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell soun
see if it lasts because it's being explained away as people pull forward their bonuses in 2012 for taxes. let's see if it lasts beyond that. earnings are slowing down. the economy is slowing down. and on the positive, you've got the fed pushing real hard. so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed...
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Jan 15, 2013
01/13
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FBC
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do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl: that's right. 3 #% yield hit again on ford. the stock is climbs and climbing back to the debt ceiling debate, in 2012 # coming into 2013 were concerns about consumer spending. government numbers out, retail sales better. does that give you hope? is that why you are bullish at this point for 2013? >> yes. i mean our economy plods along and improves looking at real estate, consumer spending, major purchases such as auto. once again, i make the statement that once washington gets out of the way, we really think that the financial markets based upon where
do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fugs, fiesta, taurus, ect.. cheryl:...
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Jan 16, 2013
01/13
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CNNW
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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Jan 15, 2013
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on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much che
on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the...
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Jan 13, 2013
01/13
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MSNBCW
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, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some article that said recently frustrated, elated, happy, confused, those are people's reactions right now to just what happened in washington. barb, i want to talk with you first and foremost about the payroll tax holiday so there's no uncertainty about that. your employees are going to be paying more out of their payroll. for their payroll tax is this something you've discussed with your employes? >> we haven't discussed with them yet. i think we were waiting first to see what was going to happen. our plan is to discuss with them right before they receive their first paychecks that there is going to be a change, that the
, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some...
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Jan 15, 2013
01/13
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CNBC
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citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock is up 2%. >> this one was sold too far down. i can't believe that he actually bothered to downgrade them when the stock was half of whether where it is was. i like the deutsch call. unless we have a lot of trouble with our economy here, judge, which i don't think we're going to have, i think this continues to work and works back into the mid-40s by the end of this quarter. >> talk to me, weiss, about some airlines. they have been doing incredibly well. lately here is ual and lcc. >> they were early in upgrading the airlines and the airlines used to be like drinking beer. you rented it. you didn't own
citing new tax hikes on the rich as a downside catalyst. >> i think it's absolutely ridiculous. what american express has done in the last two days, cost management. focus on what they are doing there in terms of what the earnings are and expectation that the high-end consumer is going to be affected by what is going on here in terms of fiscal policy. it's misguided. stay with american he cexpress. >> that's talk about cliffs natural. a downgrade. dr. j, make sense of it. the stock...
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Jan 13, 2013
01/13
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if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american manufacturers rely on to compete in a low wage global environment go away. mike mipg travis, what happens in your business in this coming year? >> we had two huge rollouts the left model for chord buddy 20% of people are left handed the classical model for chord buddy will not happen. we will not get the breaks that we needed to write off that money, you know, tax wise. >> let it's not there anymore new product somebody has got it to build if it and ship it and sell it it's several jobs down the line that went happen because you don't have the money to make that work. >> right. >> all right. and, john, you talked about t
if i'm paying taxes to the program government for increased taxes on my business, i'm not able to buy new equipment. i'm not able to put more men to work. and my men's future is less certain because it's the money that i invest in equipment which gives them their job security, the productivity and the wages they enjoy. >> mike: so capital expenses go down. [ applause ] bill. >> mike: because you don't have the capital to expand the business. >> equipment that american...
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Jan 14, 2013
01/13
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the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is when the sequester begins. watch the president try and weasel out of the sequester, that it was his idea, and he agreed to it -- >> doesn't matter whose idea it is. how are you going to get on the offense? see i'm with you. i'm a fiscal conservative. but you're on your back feet. >> no, no. the sequester takes place automatically unless something else happens, saving $1.2 trillion. debt ceiling which comes up around march 14th, fuzzy day but roughly march 14th, there the republicans have said for two years now, because the president's busting the budget with all his spending he's going to ha
the president said he wouldn't raise taxes on everybody. he did raise taxes on everybody. he still has the moral high ground. it's about spending. which is just future taxes. how can that pledge be changed? you're not going to be able to combat the debt ceiling with a static pledge. >> okay. well the good news is, that moving forward we're going to have a four-year struggle against the president's overspending. and we have three days, three battles that we know the day of. march 2nd is...
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Jan 14, 2013
01/13
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the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
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Jan 16, 2013
01/13
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KRON
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the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if there is a good portion of this story. j. r. stone, kron 4 news. four stations close today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. new information. reveals thand clayton, station no. 11. and if you look at this map you can see the widespread. >> pam: new information about tanker pilot who hit a tower on the bay bridge last week, switched course as he was approaching the bridge. the damage to the base of the tower on the bridge suffered
the firehouses closed because a tax measure was not passed and property tax revenues are down. contra costa county now has 220 firefighters?.that is well below the 600 they?d like to have. they say these closure will affect response times to emergency?s. >> whether or not it is going to be a 22nd second delay or 1.5 minutes, it is going to impact on response time. >> they are going to talk about other emergency crews, such as ambulances. and the fact that nobody lost their jobs. if...
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Jan 18, 2013
01/13
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WBFF
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bars.thh fake tax returns -3 thousand of prisoners file every year.
bars.thh fake tax returns -3 thousand of prisoners file every year.
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Jan 14, 2013
01/13
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CNBC
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tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers -- >> that would be the dollar stores. specifically like family dollar, dollar general, or dollar tree. >> joining us now howard levine, chairman and ceo of family dollar stores. you're sensitive to this type of stuff, howard. thanks for coming on today. in past periods like this, is there a pretty clear-cut cause and effect that we will see if people, if your customers get $15 less per week, that $15 cannot make its way into family dollar's coffers, can it? >> sure, joe. and good morning, everybody. thanks for having me this morning. you know, when i think about some of the current news, i've be
tax bite. >> tax bite all day on cnbc a special series that we're calling a tax bite. where did your money go? earlier this morning we talked to piper jaffray retail analyst about the impact of the higher payroll tax. >> what we get most concerned about would be at the lower income end of the spectrum where consumers live on more of a month-to-month budget. that's just less money for a lot of retailers that would cater to that income demographic. >> you're looking at retailers...
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Jan 16, 2013
01/13
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KOFY
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obama deman the wealthy pay their fair share of taxes but he's just another elitist hypocrite when it comes to fair shir of security. protection for their kids. and gun 43 zone for ours. >> experts say the provocative attack ad shows how emotionally charged and personal the debate of gun control is becoming. no comment on this from the white house tonight. >> mean time national rifle association is experience ago big spike in membership. more than 250,000 people have signed up in the last month. group says people are scared by new legislation restricting firearms. that may true but since december the nra is offering big discounts to john. life time membership usually cost 1,000 dollars. it's now 300. year worth typically runs 35. it's now just 20 dollars. >> still ahead tonight on abc 7 news at 9. san jose state big first step toward overhaul of college as we know it. find out how california trying to make higher education more affordable. that's not the right clip but you get the idea. >> eviction day at peninsula her borrow. appears the sheriff may have to be called in if the owner
obama deman the wealthy pay their fair share of taxes but he's just another elitist hypocrite when it comes to fair shir of security. protection for their kids. and gun 43 zone for ours. >> experts say the provocative attack ad shows how emotionally charged and personal the debate of gun control is becoming. no comment on this from the white house tonight. >> mean time national rifle association is experience ago big spike in membership. more than 250,000 people have signed up in...
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Jan 20, 2013
01/13
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FOXNEWSW
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how much is going to be tax increases. how much is going to be spending cuts. definitely going to do that when it comes to gun control. i'm told you will see a very aggressive in effect national campaign by the president and vice president going out and appealing to various constituent groups. red state and quite frankly a lot of red state democrats are up for reelection to the senate in 2014. he has to put pressure on them. immigration reform trying to mobilize hispanic voters in some of the key states. i think you will see it on a variety of issues, the whole legislative agenda the president is going to play an inside game but you a much more active outside game as well. >> take a listen to a little bit of more of your interview with david plouffe on "fox news sunday." >> if you look at president regan he accomplished tax reform. there was good second term accomplishments. a few things. one it is not like we are roaming around the white house looking for things to do. on immigration, gun safety, deficit reduction. we have a pretty stacked agenda here and i th
how much is going to be tax increases. how much is going to be spending cuts. definitely going to do that when it comes to gun control. i'm told you will see a very aggressive in effect national campaign by the president and vice president going out and appealing to various constituent groups. red state and quite frankly a lot of red state democrats are up for reelection to the senate in 2014. he has to put pressure on them. immigration reform trying to mobilize hispanic voters in some of the...
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Jan 15, 2013
01/13
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KPIX
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contra costa county supervisors approved the closures after voters rejected a property tax increase. >>> the san mateo city council is ordering a convenience store to close just weeks after it opened. neighbors of the 7-eleven on north san mateo drive complained that it was on property that is zoned residential. the city council agreed and voted last night to shut the store down. an appeal is expected. >>> 6:09 now. the tanker that scraped a bay bridge tower last week made a sudden change in course right before that crash. the ship was on course to pass between the c and d towers on the bridge but the bay area news group reports it made a quick turn to the right to go between the d and the e towers instead and that's when it bumped the e tower. >>> settlements are expected in more than 300 claims against pg&e after the san bruno pipeline explosion that killed eight people. attorneys think those cases will be settled in the next three months as the utility hopes to avoid going to trial. already 120 cases have been settled through mediation. >>> and today lance armstrong confirmed what
contra costa county supervisors approved the closures after voters rejected a property tax increase. >>> the san mateo city council is ordering a convenience store to close just weeks after it opened. neighbors of the 7-eleven on north san mateo drive complained that it was on property that is zoned residential. the city council agreed and voted last night to shut the store down. an appeal is expected. >>> 6:09 now. the tanker that scraped a bay bridge tower last week made a...
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Jan 16, 2013
01/13
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. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a warmup, that is what we are calling it the next couple of days. >> thanks for watching, we will see you at 6:00. >>> on the broadcast tonight, he did it. lance armstrong comes clean after years of denials. now the consequences for him, for the cancer charity he founded, even the future of his sport at the olympics. >>> late word on the action the president plans to take on gun control tomorrow. >>> fighting the flu. what are the real odds of getting sick after getting the flu shot, which in some places is getting a lot harder to find. >>> and cashing out. an alarming number of americans draining the money they were saving for
. >> uncle sa many is taking more in tax dollars, next the alarming number of americans that are dipping into their retirement accounts to pay their bills and our interview with ann frank's stepsister, you will not want to miss it. >> we will see you then. >> and we have a high pressure system moving in. that is good news, right? >> i love that, sun issy kais from the high pressure system, wednesday, thursday and friday with mid 60s expected even by saturday, so, a...
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Jan 15, 2013
01/13
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CNBC
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than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage increases in the december payroll data. that's not a blip. that's the beginning of a new trend. you are going to see better income numbers. i think when you get that december personal income number that's going to look fairly decent number on the wage side giving consumers some cushion to pay those higher payroll taxes. >> and if we should have a decline in inflation or oil prices or gas prices, that will help, as well. but, john, the question becomes, was what happened on the late in the evening on what was it, december 3
than permanent tax cuts. so i think part of it will come out of savings, because people will have saved up, as it were, to prepare themselves for this. but not all of it. we are going to have slower consumer spending, i think, in the first half of the year. my point is, it's not going to be the consumer that's going to be driving things. and we are probably going to have a little bit of a pickup in hiring. we think payroll is going to be 175,000 a month. we had an encouraging pickup in wage...
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Jan 17, 2013
01/13
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CSPAN2
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tax also their more efficient and create more revenue. so you direct the committees to do tax reform. much more complicated issue. but clearly there is a pathway to get this done. that needs to be done. i believe we have an opportunity to do it if the republicans take the right posture in this round. thank you very much. [applause] >> well, we've just heard the answer. so we can all leave here feeling very good. i recommend you immediately call your broker and invest any fund you have in cash into the market, and tell them judd gregg century. look, i think judd is really largely right about this in terms of our overall economic condition, but we do face this extraordinary challenge in the near term. before i get into that let me first thank leading authority for organizing this. mark french, matt jones, thank you. i have so enjoyed joining your team. and to be on team with judd gregg. that is something that delights me. let me just say in the united states senate, judd and i were chairmen and ranking member of the budget committee. sixers
tax also their more efficient and create more revenue. so you direct the committees to do tax reform. much more complicated issue. but clearly there is a pathway to get this done. that needs to be done. i believe we have an opportunity to do it if the republicans take the right posture in this round. thank you very much. [applause] >> well, we've just heard the answer. so we can all leave here feeling very good. i recommend you immediately call your broker and invest any fund you have in...
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Jan 16, 2013
01/13
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FOXNEWSW
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>>brian: while you're paying property taxes? >> correct. houseboats are vessels and don't pay property taxes. >>brian: why was it so important for you? someone wrecks your home but you know the type of financial investment and time investment this will be, why was it important for you to fight all the way up to the top? >> for the principle and to help, there's another 7,000 or 8,000 floating homes around the country. i wanted to make sure they did not go through the horse show i did. >>brian: are you going to get all the money back that you invested in? right now the court awarded you what? >> they reversed and now we'll go back to the district court judge and we'll see what happens down there. hopefully i'll get compensated for my home, furniture and my legal expenses. >>brian: you've got to go back to the same judge that ruled against you? >> that is correct. >>brian: what's the message from this fight that people should take away? >> the message is just don't quit. if you think you're -- if you think you're right, keep on fighting it ou
>>brian: while you're paying property taxes? >> correct. houseboats are vessels and don't pay property taxes. >>brian: why was it so important for you? someone wrecks your home but you know the type of financial investment and time investment this will be, why was it important for you to fight all the way up to the top? >> for the principle and to help, there's another 7,000 or 8,000 floating homes around the country. i wanted to make sure they did not go through the...
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Jan 17, 2013
01/13
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CSPAN2
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of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its current take more of that to fix the problem. now it's the hardest part so it's how we are going to unravel the next steps. clearly the next piece is going to have to focus on entitlement reform that's the biggest tax. we have to reaction moments coming up next months, the sequester that the extended for two months and it has broad base across-the-board spending cuts which is a wrong way to do policy. we are dealing with a tough recovery we want to phase in all these gradually and pick and choose and policy makers to pic
of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise revenue, that is a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things when you talk about the specifics and the fact we need to deal with the mortgage deduction for state and local taxation then capping the discretionary you don't have to talk about a single specific policy. taxing the 1% is easy even if you are the 1% its...
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Jan 16, 2013
01/13
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CNNW
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they pay taxes but don't have a vote in congress. the white house says after living in washington for four year, the president recognizes the unfair answer that d.c. residents face every day. they will be on the vehicles for the duration of the second term. >> george w. bush took it off the car after president clinton used it. but obama didn't put it back, and there was a lot of criticism. so this is throwing those people a bone. >> follow us on facebook and twitter, search for early start cnn. >>> a black eye for boeing. dreamliner jumbo jets grounded by two airlines after another serious incident. another one. we'll have a live report, coming up. so...how'd it go? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. your financial advisor should focus on your l
they pay taxes but don't have a vote in congress. the white house says after living in washington for four year, the president recognizes the unfair answer that d.c. residents face every day. they will be on the vehicles for the duration of the second term. >> george w. bush took it off the car after president clinton used it. but obama didn't put it back, and there was a lot of criticism. so this is throwing those people a bone. >> follow us on facebook and twitter, search for...
SFGTV2: San Francisco Government Television
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Jan 21, 2013
01/13
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SFGTV2
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Jan 19, 2013
01/13
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FBC
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this...
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Jan 16, 2013
01/13
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CNBC
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you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look, we're spending 24 percent of gdp and we're taking in 16%. we've got a spending problem. part of the spending problem is the recession that we've been in. the thing you've got to remember all of this has to be designed to get strong economic growth. the goal is not to cut spending or deal with the deficit. those are vehicles to get to the main goal getting the economy to grow at a faster rate. >> it is possible for someone to look at what he thinks government should provide for its citizens and it is possible to believe that 25% of gdp should be spent on government services. it is possible that he believes that
you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look,...
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Jan 18, 2013
01/13
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FBC
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replace payroll tax with the consumption tax, because, the payroll tax is what is killing jobs. neil: you know low that goes. once you get a tax going it goes up and up. >> that relates to other side, social chunks is insurance is s there are no trust funds just confetti paper we'll have to lefto taxpayers some day, social insurance is a huge myth. i would means fest it, cuts by a couple00 billion, i would reduce the number of people who are av and reduce that number. we're broke. when you hear -- >> how do you tell people that i've paid 40 years into social security. >> all be -- everyone who is taking it right now after 30 years dnot pay for what they are getting, the payroll tax of never close to what would fund on an -- >> what do you get, it takes three years for you to get everything back. >> 3 or 4, so i'm saying, if we get rid of socia sober social is insurance,defense, go back to ice ep loweeisenhower minimum we could revert back. republicans don't want to touch that, democrats don't want to touch it. hero are. >> and then have you obama saying we need 100 billion of gr
replace payroll tax with the consumption tax, because, the payroll tax is what is killing jobs. neil: you know low that goes. once you get a tax going it goes up and up. >> that relates to other side, social chunks is insurance is s there are no trust funds just confetti paper we'll have to lefto taxpayers some day, social insurance is a huge myth. i would means fest it, cuts by a couple00 billion, i would reduce the number of people who are av and reduce that number. we're broke. when...
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Jan 15, 2013
01/13
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CNBC
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the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could deduct 35 cents for every dollar they gave. the current rate is 39.6%. so they can deduct 39.6 cents for every dollar they give. their cost of giving has, in other words, fallen by 7% for those making $400,000 or more per year. the same is true if you're giving away stock or real estate that's appreciated in value. the higher capital gains rate making giving more economically attractive. the cliff deal does limit certain deductions. but the benefits of these higher tax rates more than makes up that limit on deductions. so net-net, the wealthy get a bigger tax cut this year for giving. it's
the wealthy see charity and taxes two sides of the same coin. taxes go up, charity must go down. press secretary for george bush summed it up in a recent tweet saying, quote, i and many others will likely donate less in 2013. but a new study from the nonpartisan tech center says charitable giving may actually increase this year by $3.3 billion. tax hikes are actually the main reason why. here's how it works. taxpayers deduct their charity at their marginal tax rate. last year the wealthy could...
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Jan 16, 2013
01/13
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KGO
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i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or throat may occur and may be fatal. intermezzo should not be taken if you have taken another sleep medicine at bedtime or in the middle of the night or drank alcohol that day. do not drive or operate machinery until at least 4 hours after taking intermezzo and you're fully awake. driving, eating, or engaging in other activities whil
i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it...
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Jan 13, 2013
01/13
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CSPAN
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congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need for the joint strike fighter. there are tough decisions that have to be made. leadership in the military was difficult. there are things that are made now that will now be made in the future. that is what it takes to get our defense budget under control. in the question of closing loopholes, the president's budget has a number of specifics. we also have provisions that would take away the tax benefits to come to companies that export jobs. we think it is important to have our policy and tax code designed do reflect what we need to do in our economy. for the future, we need to develop new and renewabl
congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need...
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Jan 17, 2013
01/13
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CSPAN
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, to collect tax revenue, and to fight tax evasion. i forgot to mention the privatization program, which is also necessary. >> gentlemen here in the third row. >> thank you. what is your insight on the chinese economy in terms of opportunities and challenges? what goals are on top of your agenda that you want to achieve in the new year it? thank you. >> global growth is not to stem the top of my agenda, it is on the top of the agenda of anyone who cares about the economy and jobs. growth is a very conducive factor. turning to china, i would certainly observe that there is continued significant and substantial growth expected out of china. i would observe there has been a rebalancing would then the china -- within the china economy with a focused on consumption rather than exports. i would observe that the currency of china has adjusted. my hope is that these trends we have observed continue into 2013 s and the new chinese leadership. >> thank you. >> how do you see the impact of what is happening in the arab countries on the economy is
, to collect tax revenue, and to fight tax evasion. i forgot to mention the privatization program, which is also necessary. >> gentlemen here in the third row. >> thank you. what is your insight on the chinese economy in terms of opportunities and challenges? what goals are on top of your agenda that you want to achieve in the new year it? thank you. >> global growth is not to stem the top of my agenda, it is on the top of the agenda of anyone who cares about the economy and...
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Jan 14, 2013
01/13
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CSPAN
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 19, 2013
01/13
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WETA
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we ought to put a tax on that. bullets ought to be prohibitively expensive. >> a well regulated militia to keep the security of the people, to keep and bear arms. does that speak to the right of securing the nation through a well regulated defense establishment, or does it greenlight some guy in new york to out his garage like an armory? >> the supreme court defers on this. they have basically upheld the second amendment. it does give the protections to gun owners, and it makes it somewhat of a moot issue. this is mostly for show right now. it is a diversion -- i'm all for gun-control -- but it will not happen. it is a diversion from what we need to do, which is dealing with issues like debt, the climate, which polish and do not want to deal with. it is a side show. >> i do not think it is a side show when you have massacres like we have had in the last year. not just newtown. justice scalia's opinion actually said that the government is free to regulate the kinds of weapons that people carry. it says that. >> if y
we ought to put a tax on that. bullets ought to be prohibitively expensive. >> a well regulated militia to keep the security of the people, to keep and bear arms. does that speak to the right of securing the nation through a well regulated defense establishment, or does it greenlight some guy in new york to out his garage like an armory? >> the supreme court defers on this. they have basically upheld the second amendment. it does give the protections to gun owners, and it makes it...